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June 20, 2024
Weve got someone from the administration to explain what in the world is going on. And another union may soon invade the south. The last one burned atlanta. The union army. Will this one burn all those manufacturing plants and jobs to the ground . Were talking unionizing. Sue is at the nyse. Hi. Its a down side day. Right now where we were momentarily again, the Dow Jones Industrial average off about 100 points on the trading session, s p down 9, nasdaq down 29. Thats the biggest percentage move...
June 20, 2024
Clean debt limit increase. Under no circumstances . I told the president theres no way were going to pass one. The votes are not in the house and the president is risking default by not having a conversation with us. By moodys ceo says the chance of a u. S. Default is extremely unlikely. That reflects our thinking that it is extremely unlikely that the government treasury is not going to continue to pay on the treasury securities. Hopefully it is unlikely that we dont go past october 17th and fa...
June 20, 2024
Is what im talking about. Its been a bad february and this is the first trading day of the month already here kelly, so its not getting off to a great start with the dow down almost 2 following a 2 slide in the nikkei overnight. And, bill just so people can get some context around what were seeing this looks like the worst start to a month in terms of percentage losses for the dow, for the s p since 1982 and for the nasdaq potentially ever at least going back to 1972 as our data does. Lets talk ...
June 20, 2024
2. 61 . As we do every morning, lets take a look at europe and see how those markets are already fairing. Largely, a good deal of red on the board. The percentage declines, well, not too great. Although, a couple there around the 1 mark as you see it there. Lets start with our road map this morning. It starts with day seven of the Government Shutdown. The markets may have been unphased by the shutdown but the possibility of a breach of americas debt ceiling, that is probably the reason you saw t...
June 20, 2024
The standoff, as well. China is worried about getting paid back on its investments. The yields on onemonth treasury yields continue to head higher this week. Its just another sign that investors are getting increasingly worry worried about the government defaulting on its locations i would argue theyre not worried enough, but we can talk about that in a mip. China and japan arent the only ones calling for a solution out of washington. Howard schultz is urging leaders to push for a shutdown. He s...
June 20, 2024
Double digit losses. At this point, up until now, you really didnt see much of an reaction that people were somewhat complacent. We arent seeing the reaction we saw in august of 11 but getting closer. Well talk about investing in this market, my exclusive interview with Julian Robertson. Well get his opinion on how to play this market, against specific names he says will make money right now. Including ones you may never have heard of. Wait until you hear what he has to say about apple and the l...
June 20, 2024
10year note. We hear that miners are dragging down the ftse. Data from china was showing a slowdown in Services Sector growth. In germany, manufacturing orders below expectations, falling in august. That was the second consecutive month that we saw them. That surprised me. Lets get to our road map. Schultz is urging fellow ceos to turn up the heat. And jcpenney said its seeing signs of a turn around or that its strategy is working. And the long goodbye. Were going to read you excerpts from Steve...
June 20, 2024
With the first snap. Calling it the superbore. 12 seconds. And hitting. They dont throw to sherman i am a huge Richard Sherman fan what was weird, peyton never looked right and the seahawks i fell like i was in seattle. Couldnt hear a thing when peyton was taking the snap. Carl, it was a noshow. It was, it was. We kick off a busy first week of february. Janet yellens sworn in as fed chair, as we speak. Earnings to come. A jobs number on friday. Tenyear yield hit its lowest since november friday....
June 20, 2024
Markets. Well take a quick look at the futures right now. Youll see that at least at this point there are red arrows. Forget about being down and bouncing back. The dow futures are down by 35 points below fair value. S p futures are off by five and the nasdaq down ten. The markets will have a major event later this month with the release of the january employment report. That big number is coming up on friday. Also, janet yellen has a week or so to get her thoughts together. Her first testimony ...
June 20, 2024
Morning. As always, you can join in on the conversation. You can also join us on facebook or send us an email or send us a tweet. This is the headline this morning, front page of the wall street journal we want to focus on the larger issue of transportation infrastructure. Earlier this month the president traveling to the port orleans, saying it is time to spend more money. One in nine of our bridges is rated structurally deficient. More than 40 of the major highways are congested. So is our air...